(n.) The state of being actually or legally bankrupt.
(n.) The act or process of becoming a bankrupt.
(n.) Complete loss; -- followed by of.
Example Sentences:
(1) Ukraine has said it needs $35 billion over the next two years to stave off bankruptcy.
(2) Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.
(3) To be sure, it may not be possible to establish a full international bankruptcy code; but a consensus could be reached on many issues.
(4) He is totally comfortable around Wall Street and bankers.” Trump’s effort to characterize himself as without obligation to the financial sector despite his long record of loans and debt restructuring during episodic turbulence in his business career, including the bankruptcy of Trump Hotels & Casino Resorts in 2004, is likely to raise eyebrows.
(5) We know that in England there are trusts that are on the verge of bankruptcy and 4,500 nurses have been made redundant .
(6) But even if Greece is snatched from the brink of bankruptcy and kept in the euro in the coming days, the cause of promoting solidarity between eurozone nations has been long forgotten.
(7) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
(8) The crime problems were enormous, riots tore apart many American cities – and the downside of fiscal decentralisation was that, in the 70s, you had cities like New York on the edge of bankruptcy .
(9) Using standard ratio tests, most clubs border on bankruptcy.
(10) Picard has filed a complaint in the US bankruptcy court against Cohmad Securities Corporation and a number of its principals, seeking to recover well over $100m allegedly paid to Cohmad in exchange for introducing clients to Madoff's firm.
(11) But sometimes a smile is not enough.” As the latest proposed deal to avoid Greece’s bankruptcy threatens to unravel , a row is raging on Rhodes and several other Greek islands over fears that they are being unfairly targeted.
(12) For Mokoena, qualification for the second round would cap an extraordinary season that has encompassed bankruptcy and relegation at Fratton Park, a losing FA Cup final and now captaining his country at the first African World Cup.
(13) It is high time that we applied the same principles to countries and introduced a sovereign bankruptcy law.
(14) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.
(15) If other unions follow suit in protest at Miliband's reforms, the party could face bankruptcy.
(16) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
(17) The International Monetary Fund has signed off on a $17.5bn (£11.8bn) four-year aid programme for Ukraine , the second attempt in less than a year to help the country avoid bankruptcy.
(18) People who never dreamed that one day they would not be able to pay their electricity bill, or feed their children properly.” As it has scrabbled for every last cent to satisfy its creditors and ward off bankruptcy, Greece’s government has taken cash wherever it could – local authorities, healthcare, pensions, social services have all been tapped.
(19) Days before it collapsed into bankruptcy protection a month ago Lehman Brothers revealed $6.12bn of staff pay plans in its corporate filings.
(20) Bankruptcy could potentially leave thousands of residents – many of them elderly and vulnerable – with nowhere to live, or forced into a disruptive move to alternative accommodation.
Debtor
Definition:
(n.) One who owes a debt; one who is indebted; -- correlative to creditor.
Example Sentences:
(1) This sends the dangerous message that the citizens of the debtor countries need to suffer badly to signal their contrition.
(2) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
(3) The Irish, who have ruined themselves to bail out their banks, would not take kindly to a country in an analogous situation being given a card to get out of debtors' jail for free.
(4) The magic of inflation, for debtors, is that it devalues the debt and makes it easier to service.
(5) Talk of debtors and creditors simply “working together” ignores existing UN agreements, dating back to 2002, that clearly recognise the joint responsibility of both the lender and borrower.
(6) From his perspective, I must have remained my grandparents’ debtor in perpetuity.
(7) Creditor nations were free to hoard as they liked, placing the burden of action on debtor nations who had very little choice but to act in ways that tended to depress their domestic economies.
(8) This misallocation of responsibilities is dangerous for Britain's private debtors, so please give the determination of the full spectrum of rates your full attention.
(9) Surplus countries bought assets in debtor countries; the money churning through New York and London kept the dollar and the pound strong, made imports cheaper and allowed policymakers to keep interest rates low.
(10) Looks like Soros is still speaking now - here are a couple more newsflashes: • FUND MANAGER GEORGE SOROS SAYS MINIMAL ACTION BY GERMANY WILL NOT BE ENOUGH TO HELP DEBTOR EURO-ZONE NATIONS RECOVER • SOROS SAYS FUNDAMENTAL FLAWED ASSUMPTION IN EUROPE CRISIS IS THAT GOVERNMENTS ARE 'RISKLESS' He has also warned that there is a real danger that the euro crisis will destroy the European Union....
(11) Instead of brokering such an agreement, which might involve creditor countries such as Germany and China agreeing to boost their demand, instead of relying solely on cutbacks in debtor countries to narrow the divide, the IMF has repeatedly been dragged into rubber-stamping botched bailouts and harsh austerity policies when tackling the eurozone sovereign debt crisis.
(12) He suggested the Bank of England ought to return interest rates to "normal levels, say 3% to 5%", so that society treated "the saver as fairly as it treats the debtor".
(13) To be eligible for a DRO, debtors must have debts of less than £15,000 and be on a low income.
(14) The Westlife singer has followed dozens of other Irish debtors who have sought to use Britain's more liberal bankruptcy laws to wipe out their debts.
(15) There is no reason why a constitutional solution that involves debt limitation should not command a large measure of public acceptance, especially in debtor countries, which have experienced the political and economic damage caused by previous profligate governments.
(16) Contagion to the government bonds of the next weakest eurozone debtor nation would probably not be immediate, but any new crisis in a weak economy could potentially trigger aggressive speculation.
(17) His solution was an ingenious system for persuading the creditor nations to spend their surplus money back into the economies of the debtor nations.
(18) Financial sector: amendments on insolvency laws will aim to get debtors to pay up loans, while consultants will help on how to deal with bad loans.
(19) And the head of the FBI implied police violence would go down if we could all admit, Avenue Q style , that “everyone’s a little bit racist.” In Ferguson, citizens must sue to stop being subjected to illegal debtors prisons .
(20) To borrow a cliche, creditors, debtors and politicians will all need to compromise more if they want to move this saga on to a more sustainable path.